2022-07-01 2023-06-30 false Capium Accounts Production 1.1 12120261 bus:FullAccounts 2022-07-01 2023-06-30 12120261 bus:FRS102 2022-07-01 2023-06-30 12120261 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 12120261 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 12120261 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12120261 2022-07-01 2023-06-30 12120261 2023-06-30 12120261 bus:RegisteredOffice 2022-07-01 2023-06-30 12120261 core:WithinOneYear 2023-06-30 12120261 core:AfterOneYear 2023-06-30 12120261 bus:Director1 2022-07-01 2023-06-30 12120261 bus:Director1 2023-06-30 12120261 bus:Director1 2021-07-01 2022-06-30 12120261 bus:Director2 2022-07-01 2023-06-30 12120261 bus:Director2 2023-06-30 12120261 bus:Director2 2021-07-01 2022-06-30 12120261 2021-07-01 12120261 2021-07-01 2022-06-30 12120261 2022-06-30 12120261 core:WithinOneYear 2022-06-30 12120261 core:AfterOneYear 2022-06-30 12120261 bus:EntityAccountantsOrAuditors 2021-07-01 2022-06-30 12120261 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 12120261 bus:OrdinaryShareClass1 2023-06-30 12120261 bus:OrdinaryShareClass1 2021-07-01 2022-06-30 12120261 bus:OrdinaryShareClass1 2022-06-30 12120261 core:PlantMachinery 2022-07-01 2023-06-30 12120261 core:PlantMachinery 2023-06-30 12120261 core:PlantMachinery 2022-06-30 12120261 core:MotorCars 2022-07-01 2023-06-30 12120261 core:MotorCars 2023-06-30 12120261 core:MotorCars 2022-06-30 12120261 core:FurnitureFittings 2022-07-01 2023-06-30 12120261 core:FurnitureFittings 2023-06-30 12120261 core:FurnitureFittings 2022-06-30 12120261 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-06-30 12120261 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-06-30 12120261 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 12120261 core:CostValuation core:Non-currentFinancialInstruments 2022-06-30 12120261 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-06-30 12120261 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-06-30 12120261 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-06-30 12120261 core:Non-currentFinancialInstruments 2023-06-30 12120261 core:Non-currentFinancialInstruments 2022-06-30 12120261 core:ShareCapital 2023-06-30 12120261 core:ShareCapital 2022-06-30 12120261 core:RetainedEarningsAccumulatedLosses 2023-06-30 12120261 core:RetainedEarningsAccumulatedLosses 2022-06-30 12120261 core:ShareCapitalOrdinaryShares 2022-07-01 12120261 core:ShareCapitalOrdinaryShares 2021-07-01 12120261 core:ShareCapitalOrdinaryShares 2022-07-01 2023-06-30 12120261 core:ShareCapitalOrdinaryShares 2021-07-01 2022-06-30 12120261 core:ShareCapitalOrdinaryShares 2023-06-30 12120261 core:ShareCapitalOrdinaryShares 2022-06-30 12120261 core:RetainedEarningsAccumulatedLosses 2022-07-01 12120261 core:RetainedEarningsAccumulatedLosses 2021-07-01 12120261 core:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 12120261 core:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 12120261 core:RetainedEarningsAccumulatedLosses 2023-06-30 12120261 core:RetainedEarningsAccumulatedLosses 2022-06-30 12120261 dpl:Item1 2022-07-01 12120261 dpl:Item1 2023-06-30 12120261 dpl:Item1 2021-07-01 12120261 dpl:Item1 2022-06-30 iso4217:GBP xbrli:shares xbrli:pure
Logo On Report
Registered Number: 12120261
England and Wales

 

 

 

GP SPECIALIST VEHICLES LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 July 2022

End date: 30 June 2023
Directors Robert Atkinson
David Alexander
Registered Number 12120261
Registered Office Thornton Station Yard
Holme Head Farm Road
Ingleton
North Yorkshire
LA6 3ET
Accountants Numerics Accounting Limited
No 4 The Coach House
Thornton In Lonsdale
CARNFORTH
LA6 3PD
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 35,631    42,757 
35,631    42,757 
Current assets      
Stocks 4 100,000    250,000 
Debtors 5 511,092    523,705 
Cash at bank and in hand 202,509    398,787 
813,601    1,172,492 
Creditors: amount falling due within one year 6 (791,264)   (1,117,622)
Net current assets 22,337    54,870 
 
Total assets less current liabilities 57,968    97,627 
Creditors: amount falling due after more than one year 7 (20,754)   (34,295)
Net assets 37,214    63,332 
 

Capital and reserves
     
Called up share capital 8 100    100 
Profit and loss account 37,114    63,232 
Shareholder's funds 37,214    63,332 
 


For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 20 March 2024 and were signed on its behalf by:


-------------------------------
David Alexander
Director
2
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 July 2021 100  135,039  135,139 
Profit for the year 65,976  65,976 
Total comprehensive income for the year 65,976  65,976 
Dividends (137,783) (137,783)
Total investments by and distributions to owners (137,783) (137,783)
At 30 June 2022 100  63,232  63,332 
At 01 July 2022 100  63,232  63,332 
Profit for the year 28,882  28,882 
Total comprehensive income for the year 28,882  28,882 
Dividends (55,000) (55,000)
Total investments by and distributions to owners (55,000) (55,000)
At 30 June 2023 100  37,114  37,214 
3
General Information
GP Specialist Vehicles Ltd is a private company, limited by shares, registered in England and Wales, registration number 12120261, registration address Thornton Station Yard, Holme Head Farm Road, Ingleton, North Yorkshire, LA6 3ET.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 33% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
2.

Average number of employees

Average number of employees during the year was 9 (2022 : 11).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 July 2022 5,250    45,207    7,121    57,578 
Additions 5,483    809      6,292 
Disposals     (7,121)   (7,121)
At 30 June 2023 10,733    46,016      56,749 
Depreciation
At 01 July 2022 2,379    7,212    5,230    14,821 
Charge for year 1,860    9,667    1,891    13,418 
On disposals     (7,121)   (7,121)
At 30 June 2023 4,239    16,879      21,118 
Net book values
Closing balance as at 30 June 2023 6,494    29,137      35,631 
Opening balance as at 01 July 2022 2,871    37,995    1,891    42,757 


4.

Stocks

2023
£
  2022
£
Stocks 100,000    250,000 
100,000    250,000 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 447,267    343,952 
Loan: APSV Coatings Ltd 9,000    7,000 
Loan: Notice Signs & Graphics Ltd 36,520    31,879 
Prepayments & Accrued Income 16,612    16,465 
VAT debtor 1,326    124,409 
PAYE & Social Security 367   
511,092    523,705 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 457,007    669,640 
Bank Loans & Overdrafts 9,992    9,747 
Hire purchase due in less than 1 year 3,549    4,384 
Directors' loan: David Alexander 53,033    75,033 
Loan: Agri-Plant SV Ltd 145,465    114,465 
Loan: Metcalfe Farms Limited 106,000    150,000 
Corporation Tax 9,847    81,019 
PAYE & Social Security   6,326 
Accrued Expenses 1,000    1,000 
Credit card balance 4,457    2,884 
Pension creditor 914    3,124 
791,264    1,117,622 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 20,754    30,746 
Hire purchase due after 1 year   3,549 
20,754    34,295 

8.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

9.

Related parties

During the year the company entered into transactions with related parties for the provision of goods and services and recharging of shared overheads, all under normal market conditions. At the period end the following amounts were outstanding:

Related party   Current year
£
  Prior year
£
Agri-Plant SV Limited: Trade debtors
Agri-Plant SV Limited: Trade creditors (26,331) (7,375)
Agri-Plant SV Limited: Loan account (creditor) / debtor (145,465) (114,465)
APSV Coatings Limited: Trade debtors
APSV Coatings Limited: Trade creditors
APSV Coatings Limited: Loan account debtor 9,000  7,000 
Notice Signs & Graphics Ltd: Trade creditors (163)
Notice Signs & Graphics Ltd: Loan account debtor / (creditor) 36,520  31,879 
Metcalfe Farms (Haulage) Ltd: Trade debtor 6,112  11,371 
Metcalfe Farms (Haulage) Ltd: Trade creditors (137,437) (156,215)
Metcalfe Farms Ltd: Trade creditors (42,036) (9,840)
Metcalfe Farms Ltd: Loan account creditor (106,000) (150,000)
Directors loan creditor (53,033) (75,033)

Related party balances are interest free and repayable upon demand.






10.

Secured Debts

The following secured debts are included within creditors: 

Particulars   Current Year
£
  Prior Year
£
Hire purchase contracts 3,549  7,933 

Hire purchase creditors are secured on the asset to which they relate.
4